✨ Financial Performance Measures
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
SCHEDULE 1 PART 7
| DERIVATION TABLE | SYMBOL IN FORMULA | INPUT AND CALCULATIONS |
|---|---|---|
| Operating surplus before interest and income tax adjusted pursuant to Regulation 18 (OSBIT) | a | 6,478,370 |
| Operating surplus and income tax adjusted pursuant to Regulation 18 minus (OSBIT) | b | 6,428,370 |
| Net surplus after tax from financial statements | n | 279,803 |
| OSBIT minus interest | r | 6,198,567 |
| Net surplus after tax adjusted pursuant to Regulation 18 (NSAT) | 6,198,108 | |
| Amortisation of goodwill and amortisation of other intangibles | s | 4,105,108 |
| Subvention payment | 0 | |
| Authorisation of SFEA at BV (x) | g | 72,366 |
| Depreciation of SFEA at ODV (y) | 72,366 add | |
| Depreciation and amortisation adjustment | d | 4,670,897 |
| Subvention of SFEA tax adjustment | 4,604,089 | |
| Depreciation payment tax adjustment | -134,089 add | |
| Derivation of NOPAT (Operating profit) | 23,881 | |
| Interest tax shield | t | 30,842,081 |
| Revaluations | 2,093,459 | |
| Income Tax | 2,093,059 |
| Numerator | p | OSBIT(^1) + n + g + d
| | | = 6,136,844
| Fixed assets at end of previous financial year (TFA_n) | | 47,462,993
| Fixed assets at end of current financial year (TFA) | | 185,048,173
| Adjusted net working capital at end of previous financial year (ANWC_n) | | 2,707,966
| Adjusted net working capital at end of current financial year (ANWC) | | 3,084,877
| Average total funds employed (ATFE) | | 113,559,637
| | | (or regulation 33 time-weighted average)
| Total equity at end of previous financial year (TE_n) | | 39,865,636
| Total equity at end of current financial year (TE) | | 102,644,181
| Average total equity | k | (or regulation 33 time-weighted average)
| WUC at end of previous financial year (WUC_n) | | 5,806,160
| WUC at end of current financial year (WUC) | | 5,785,089
| Weighted average cost of capital (WACC) | c | 4.796,075
| | | (or regulation 33 time-weighted average)
| Revaluations | | 4.796,075 deduct
| Half of revaluations | l | 30,842,081
| | | (or regulation 33 time-weighted average)
| | f/2 | 13,421,041
| | | deduct
ROI
| | | 6,198,567
| | | 6,198,567
| | | 0 add
| | | 72,366 add
| | | 72,366 add
| | | 134,089 add
| | | 134,089 deduct
| | | 23,881
| | | 23,881
| | | 30,842,081 add
| | | 92,535 deduct
| | | 2,093,059 add
| | OSBIT^(1) = reg eqn 1.3 + d | 34,951,920
ROE
| | | 4,105,108
| | | 4,105,108
| | | 0 add
| | | 72,366 add
| | | 72,366 add
| | | 134,089 add
| | | 134,089 deduct
| | | 23,881
| | | NSAT^(2) = n + g + d
| | | 4,019,594
ROF
| | | 6,198,567
| | | 6,198,567
| | | 0 add
| | | 72,366 add
| | | 72,366 add
| | | 134,089 add
| | | 134,089
| | | 23,881
| | OSBIT(^1) + n + g | 6,136,844
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 106
Gazette.govt.nz —
NZ Gazette 2001, No 106
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Financial and Efficiency Performance Measures for The Power Company Limited Line Business
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